secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001758766-22-000184
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stem Q3 revenue $99.5M (record, +150% YoY); net loss $34.3M; reaffirms FY2022 guidance
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- Record Q3 revenue $99.5M, above high end of guidance, up 150% YoY from $39.8M.
- GAAP net loss $34.3M vs net income $115.6M in Q3 2021; Adjusted EBITDA -$12.5M vs -$6.5M.
- Contracted backlog $817M (+162% YoY); bookings $223M (+115%); 12-month pipeline $7.2B.
- Reaffirms FY2022 guidance; raises low end of bookings; expects Non-GAAP gross margin toward lower end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876622000184/0001758766-22-000184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876622000184/stem-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001758766-22-000184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer